One innovation that has stood out in the dynamic landscape of DeFi is tokenization, which represents the digital technology revolution brought by blockchain. Managing private assets used to be so difficult due difficulties like red tape. But Standard Tokenization Protocol (STP) has come as a one-stop solution to these challenges.
Grab your buckles as we get ready to explore the STP universe in this article ahead. We will be discussing its sophisticated tokenization process, diving into the ocean of tokenomics, and lots of other details.
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What is STP (STPT)?
We follow the STP that is a revolutionary step towards redefining the ownership and accessibility of assets.
Definition and Core Objectives
At the bottom of the chain, fractional ownership is different from the ownership of securities in general such that the typical securities can only be represented by a whole number.
STP seeks to allow the tokenizing of assets and enabling investors to own and trade high-valued assets in fractions. Assets that were previously out of reach have become more accessible with it.
STP stands for Standard Tokenization Protocol that embodies ways of improving the process of tokenization of assets.
In essence, the main purpose of STP is to facilitate the process of converting tangible assets such as real estate or precious metals into endlessly divisible, transferable, and liquid tokens.
Technological Foundation
STP’s technological foundation is built upon blockchain technology and smart contracts. Distributed ledger technology has blockchain at its core that ensures no single party can carry out alterations, additions, or deletions.
It enables permanent recording of tokenized assets and transactions on the blockchain. The exclusion of intermediaries and central authorities provides transparency, security, and trust in the tokenization process.
Smart contracts are agreements that execute by themselves contingent on predefined conditions.Smart contracts operate more efficiency than traditional methods thereby reducing cost and risk.
STP has introduced Micro Token Offerings by reinventing crowdfunding with a cost effective alternative. The Verse Network, a Layer 2 sidechain leveraging STP’s security, optimizes DAO operations. It does so by using power cloud storage protocols that are interconnected with each other.
How Does STP (STPT) Work?
STP works by merging decentralized networks and validators. Here is how it can provide disruptive tokenization features.
Tokenization Process
STP performs automatic tokenization of real-world assets into a blockchain by a meticulous process. That process is about representing non-decomposable assets, information, and characteristics into digits. This makes them divisible, transferable and liquid.
Provided with consideration of compliance tools throughout the protocol makes sure that STP keeps in line with regulatory rules and maintains transparency along with lawfulness throughout the tokenization process’s start to finish.
STP’s smart contracts have a built-in compliance check that enables it to observe regulatory requirements. This includes not only the stipulations spelled out by developers but also the areas in which development of certain tokens is forbidden or restricted.
STP facilitates the process of issuers getting on with the work of all regulatory landscapes worldwide, creating an atmosphere of trust and legitimacy in the DLT technology.
Platform Features
STP is made up of a variety of qualities ruled by a decentralized network of validators. This proposes the soundness of transactions within the network by verifying in line and observing proprietorship of assets.
Through disintegration of the hindrances for entrance into the digital asset space, STPs give more people a chance to participate. Besides, STP promotes transparency and compliance by making sure that tokens are used to keep track of assets that fall in line with regulatory guidelines.
STP’s objective is to solve the problem of a lack of standards in the market in many ways. The protocol allows you to create specific requirements using the open-source protocol. They can define how tokenized assets are issued and transfer its interface.
Fraud concerns continue to be a major issue for companies globally. STP eliminates fraud by using blockchain verification services. Companies can verify their assets and users directly using the STP platform. This feature is groundbreaking as it leverages high technology to ensure validity in a matter of seconds.
It is also difficult for companies to track their products and assets after distribution. STP improves trackability and provides real-time access to them. The protocol enables users to transfer their newly created digital assets across multiple blockchains. This feature empowers firms to create more helpful and cost efficient assets for their community.
STPT Tokenomics
The STP has its own token called STP token (STPT).
Token Supply and Distribution
STP token is the project’s utility token acting as the main instrument of its functions.
Firms are later charged in these tokens for the usage of STP’s tokenization service.
The token was issued within the Ethereum blockchain as an ERC-20 compatible token.
STPT is a deflationary token with a maximum supply of 20 billion, which proves a solid protection against dilution of user’s ownership.
Reserve tokens contain most of the initial supply at 40%. Team tokens comprise 18.75%.
Other holders of the token supply include Bittrex IEO Sale (3.75%), private sale 1(25%), private sale 2 (5%), and token treasury (7.5%).
Utility and Incentives
The role of the token is likewise very important in the STP project.
It works as an incentive to validators who receive their rewards in STP tokens.
The launch of the project usually involves an extensive airdrop, competitions, and bounties to improve user incentives.
The token is used for airdrops, bounties, micro offerings, and virtual staking.
It is also used as a currency for payments for buying different products within the STP ecosystem.
With this approach, the community will always be large and it will remain active.
How to Acquire and Store STPT
The process of acquiring STPT can take as little as 10 minutes and all you will need is a smartphone device and a working internet.
Purchasing STPT
To purchase STPT, follow these steps:
1. Create an account on your preferred crypto exchange. You may need to verify your email address and national identity before making any transaction.
2. Make a deposit into your account. Different payment methods include paying my a debit card, credit card, wire transfer and bitcoin.
3. Using the deposited funds, go to the buy section of your exchange and select STP from the list of tokens.
Currently, STP token is available for purchase on the following exchanges: Binance, Gate.io, HTX, and WazirX. Please read complete information and do your own research before investing in any stocks or coins.
Storage Solutions
Your STP token is safely recorded, stored, validated, and encrypted on the blockchain.
To date, there are no known events where cryptocurrency was stolen by modifying data on the distributed ledger.
You should be mindful of your wallets, though.
The wallet you use stores your private key, and wallets are usually softwares on a hardware device, which makes them prone to hacking.
Storage options can differ and depending on your type of storage, one would be placing themselves in a position of gain or loss.
The safest place to keep your STP token is in a hardware wallet, which is a physical device that has a key that is in your control.
A cold wallet is another secure method for storing STPT in the long run.
It is secured by preventing external and internal attacks. A hot wallet offers convenience for quick transactions, but it is crucial to stay prudent of cyber threats.
The best approach to storing STP (or any other token in particular) can be a mix of hot and cold storage.
Safety precautions of protecting your wallets include backing up and regular updates.
Connecting your storage wallet to an online device only when you need to access and use your keys and then storing the device in a safe place are the best ways to prevent hackers from stealing your crypto.
Conclusion
STP is a platform that enables the issuance and trading of assets and indices on Web3. The goal is to tokenize any asset or create a basket of assets by locking up collateral in the form of a stablecoin.
Future Prospects
The main objective of standard tokenization protocol is to foster a platform that will lead to a changed future of the asset tokenization world. AAs the protocol moves forwards, we will also see new and unique features that will appeal to different users and investors.
In accordance with its white paper, prospective plans for the STP network encompass support of users being able to take advantage of its on-chain compliance validator tool. They will be able to verify whether a related KYC or AML accreditation and any other relevant requirements (e.g. ceiling caps, holding period, voting, etc) have been met or not.
The STP token will be an important tool for election of a Validator Committee, which will be double checking the Compliance Validators responsible for enforcing latest legislations at all times.
Impact Assessment
The dynamic approach of STP offers a far-reaching effect that goes beyond the confines of financial markets. It has a potential to reform traditional asset markets and support the adoption of blockchain technology to the next level.
STP automates the democratization of investment opportunities and tokenization, thereby opening up the value of previously illiquid assets to both individuals and enterprises.
Besides this, the establishment of compliance procedures and transparency makes STP the pillar of an orderly and reliable cryptocurrency universe. Due to its growing popularity and recognition, its effects on the border blockchain community are going to be extensive.
STP will pave the way for a more peaceful, better, and secure future that expedites financial inclusivity and efficiency.
We Coin-Labs.com provides only objective information about STP (STPT).
Therefore, we are not responsible for the investment decision in STP (STPT) and the resulting loss.
STP (STPT) Basics
Here are some factors that investors should consider before investing in STP (STPT).
| Cryptocurrency Features | STP (STPT) () |
|---|---|
| Publisher or Developers | |
| Headquarters (Registration Number) | |
| Symbol | |
| Platform | |
| Published Date (CMC Registration) | 2024-10-02 |
| Max Supply | 958,691,258,152,859 |
Reliability Score of STP (STPT) in 2024
These are indexes mesuring the investment reliability of STP (STPT) conducted by Coin-Labs.com.
| Investment Reliability Rating Items | Scores and Current Status |
|---|---|
| Company Activation Rate | / 10.0 CAR |
| Communication Rate | / 10.0 CR |
| Technology Transparency Rate | / 10.0 TTR |
| Development Participation Rate | / 10.0 DPR |
| Listing Status on the World's Top 10 Exchanges | Listed on 0 Exchanges |
| Number of Available Pairs Worldwide | 1 Pairs |
| Market Cap of the Cryptocurrency | 6,683,329 USD (Rank #1295) |
The table above shows the result of investment suitability evaluation for STP (STPT).
Check out how we evaluate cryptocurrencies on the crypto rating description page.
STP (STPT) Price
Here are the price and recent trading volume of STP (STPT). (Data of 2024-10-03 00:15:00)
| Price Items | Price and Trading Volume of STP (STPT) |
|---|---|
| STP (STPT) Price | 0.000 USD |
| Price Change 24h | -5.48% |
| Price Change 7d | -4.99% |
| Trading Volume 24h | 11 USD |
| Trading Volume Change 24h | -82.47% |
Cryptocurrency Metadata
You can check the development status and social media information of STP (STPT) through the links in the table below.
| Metadata Source | URL |
|---|---|
| 🌎 Official Website | |
| 📖 White Paper | |
| 🛰️ Source Code (GitHub) | |
| 🎺 Message Board |
Where to Buy STP (STPT)
Here are the top ten world crypto exchanges where traders can buy STP (STPT) in 2024.
| Top10 Exchanges | Listed Status | Page URL |
|---|---|---|
| Binance | Not listed | |
| Coinbase | Not listed | |
| Kraken | Not listed | |
| KuCoin | Not listed | |
| Bitfinex | Not listed | |
| OKX | Not listed | |
| Huobi | Not listed | |
| Bitstamp | Not listed | |
| Bybit | Not listed | |
| Gate.io | Not listed |
Frequently Asked Questions
What is the current price of STP (STPT)?
STP (STPT) price today is 0.000 USD. Furthermore, the price of STP (STPT) has fluctuated by -5.48% from 24 hours ago, and by -4.99% from a week ago.
Where is STP (STPT) listed?
Currently, it is listed on a total of 0 among the world top 10 exchanges.
What is the market cap of STP (STPT) now?
Currently, STP (STPT) has a market cap of 6,683,329 USD, which is ranking 1295 among cryptocurrencies worldwide.
How much is the trade volume of STP (STPT)?
Currently, 0 coins are circulating through 1 market pairs. As a result, in the last 24 hours, 11 USD of coins were traded in the market.
